HARARE regional magistrate Stanford Mambanje has convicted five hitmen who were hired from South Africa to kidnap and kill a businessman, one Oliver Chipindu. The five were supposed to assault Chipindu, who was defrauded of US$800 000 by his business partner Obrian Mapurisa, who is still on the run and hired them. The five, Moses…
AGRICULTURAL Finance Corporation (AFC) Holdings wants to monetise its vast tracts of peri-urban land during the first half of 2025 as it seeks to unlock capital to finance operations across its subsidiaries. AFC, which was established following the restructuring of Agribank in 2021, is wholly owned by Mutapa Investment Fund, the country’s sovereign fund. It…
By Rutendo Ngara THE Grain Millers Association of Zimbabwe has won a High Court appeal against social media activist Rutendo Matinyare who posted defamatory messages on X about the company. In March last year, the same court led by Justice Samuel Deme granted a provisional order directing Matinyarare to pull down from X defamatory material…
By Thabiso Mutirwara mutirwarat@dailynews.co.zw GIFT Kudakwashe Machinga was yesterday officially installed as the new United Methodist Church in Zimbabwe (UMC) bishop at a ceremony held at the Chisipite New Methodist Circuit, Harare, attended by thousands of church members. Bishop Machinga, who was a pastor, takes over from Bishop Eben Nhiwatiwa who has retired. “Today is…
By Rutendo Ngara TWO Harare men who were facing allegations of duping at least 60 pupils of US$7 500 who had registered at their school were acquitted on Friday by magistrate Ishmael Shayanewako. The two, Thomas Mutsvene and Tariro Patsikadova, allegedly failed to register a private school in Glaudina suburb and it was ordered to…
By Yvonne Ncube in BULAWAYO TAURAI Prosper Vanhuvaone, who is on trial for allegedly masquerading as a doctor and defrauding patients, has withdrawn his guilty plea, claiming he was misled into admitting to the charges. This comes after he was last week convicted on two counts of fraud. However, when he was now appearing for…
By Yvonne Ncube A TWENTY-ONE year-old man from Nkulumane suburb, Bulawayo, has been convicted of armed robbery after he robbed at gunpoint a Honda Fit driver whom they had hired in the company of his two accomplices who are still at large. Prosper Khumalo appeared before Bulawayo regional magistrate Joseph Mabeza facing a charge of…
STANBIC Bank Zimbabwe (Stanbic) has managed to facilitate the importation of products worth over US$3 million from China in the past three years for its clients marking a significant milestone to its strategic focus on the Asian economic giant. The bank launched the Africa-China Trade Solutions (ACTS) facility in 2021. In its financial results for…
THE latest crime statistics paint a grim picture of a country grappling with an alarming rise in criminal activity. As economic challenges continue to bite, it’s no surprise that desperate measures are being taken by desperate individuals. However, it’s imperative that authorities take immediate action to stem the tide of this rising crime wave. According…
LEADING financial institution, First Capital Bank (FCB), senior executives will hold an eight-day nationwide roadshow covering 10 towns and cities to bring banking and financial solutions to clients and communities across the country. In a statement yesterday, FCB said the roadshow was designed to reinforce the bank’s commitment to customer-centricity, innovation, and financial inclusion. “We…
